Financials Amazon.com, Inc.

Equities

AMZN

US0231351067

Department Stores

Market Closed - Nasdaq Other stock markets 16:00:00 2025-06-16 EDT			Pre-market 06:56:42
216.10 ^USD	+1.89%		217.24	+0.53%

06:16am	Neste Enters US Sustainable Aviation Fuel Supply Deal with Amazon	MT
05:25am	Amazon Announces Extended Prime Day Event From July 8 to July 11	MT

Projected Income Statement: Amazon.com, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	386,064	469,822	513,983	574,785	637,959	694,991	762,259	837,385
Change	-	21.7%	9.4%	11.83%	10.99%	8.94%	9.68%	9.86%
EBITDA ¹	57,283	71,994	75,053	110,305	144,162	161,688	191,041	224,177
Change	-	25.68%	4.25%	46.97%	30.69%	12.16%	18.15%	17.35%
EBIT ¹	22,899	24,879	12,248	36,852	68,593	77,349	94,148	114,581
Change	-	8.65%	-50.77%	200.88%	86.13%	12.77%	21.72%	21.7%
Interest Paid ¹	-1,647	-1,809	-2,367	-3,182	-2,406	-2,244	-2,228	-2,403
Earnings before Tax (EBT) ¹	24,178	38,151	-5,936	37,557	68,614	82,236	97,280	118,047
Change	-	57.79%	-115.56%	732.7%	82.69%	19.85%	18.29%	21.35%
Net income ¹	21,331	33,364	-2,722	30,425	59,248	66,951	79,423	98,769
Change	-	56.41%	-108.16%	1,217.74%	94.73%	13%	18.63%	24.36%
Announcement Date	2/2/21	2/3/22	2/2/23	2/1/24	2/6/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	88,912	96,145	125,555	108,518	113,080	110,812	137,412	116,444	121,234	127,101	149,204	127,358	134,383	143,083	169,961	143,313	147,977	158,877	187,792	155,667	161,776	172,638	203,938	170,562	176,578	188,831	222,118	190,019
Change	-	8.14%	30.59%	-13.57%	4.2%	-2.01%	24%	-15.26%	4.11%	4.84%	17.39%	-14.64%	5.52%	6.47%	18.78%	-15.68%	3.25%	7.37%	18.2%	-17.11%	3.92%	6.71%	18.13%	-16.37%	3.53%	6.94%	17.63%	-14.45%
EBITDA ¹	14,482	15,067	16,557	18,717	19,342	16,969	16,966	16,146	18,210	18,450	21,787	20,868	26,543	29,392	33,502	32,180	33,529	36,448	42,005	36,664	37,918	40,401	45,668	43,381	46,300	48,288	54,125	-
Change	-	4.04%	9.89%	13.05%	3.34%	-12.27%	-0.02%	-4.83%	12.78%	1.32%	18.09%	-4.22%	27.19%	10.73%	13.98%	-3.95%	4.19%	8.71%	15.25%	-12.72%	3.42%	6.55%	13.04%	-5.01%	6.73%	4.29%	12.09%	-
EBIT ¹	5,843	6,194	6,873	8,865	7,702	4,852	3,460	3,669	3,317	2,525	2,737	4,774	7,681	11,188	13,209	15,307	14,672	17,411	21,203	18,405	16,532	19,181	23,206	21,511	20,288	23,159	27,641	29,000
Change	-	6.01%	10.96%	28.98%	-13.12%	-37%	-28.69%	6.04%	-9.59%	-23.88%	8.4%	74.42%	60.89%	45.66%	18.06%	15.88%	-4.15%	18.67%	21.78%	-13.2%	-10.17%	16.02%	20.98%	-7.3%	-5.68%	14.15%	19.35%	4.92%
Charge d'intérêts ¹	-403	-428	-414	-399	-435	-493	-482	-472	-584	-617	-694	-823	-840	-806	-713	-644	-589	-603	-570	-541	-563.4	-563.3	-568.8	-574	-574.5	-574.8	-575.2	-
Earnings before Tax (EBT) ¹	6,221	6,809	7,765	10,268	8,634	4,315	14,934	-5,265	-2,653	2,944	-962	4,119	7,563	12,189	13,686	12,983	15,245	18,037	22,349	21,679	17,120	20,076	24,505	23,810	22,481	25,894	30,622	-
Change	-	9.45%	14.04%	32.23%	-15.91%	-50.02%	246.1%	-135.26%	49.61%	210.97%	-132.68%	528.17%	83.61%	61.17%	12.28%	-5.14%	17.42%	18.31%	23.91%	-3%	-21.03%	17.27%	22.06%	-2.83%	-5.58%	15.18%	18.26%	-
Net income ¹	5,243	6,331	7,222	8,107	7,778	3,156	14,323	-3,844	-2,028	2,872	278	3,172	6,750	9,879	10,624	10,431	13,485	15,328	20,004	17,127	14,064	16,227	19,556	18,288	17,750	20,415	23,796	24,525
Change	-	20.75%	14.07%	12.25%	-4.06%	-59.42%	353.83%	-126.84%	47.24%	241.62%	-90.32%	1,041.01%	112.8%	46.36%	7.54%	-1.82%	29.28%	13.67%	30.51%	-14.38%	-17.88%	15.38%	20.52%	-6.49%	-2.94%	15.01%	16.56%	3.06%
Announcement Date	7/30/20	10/29/20	2/2/21	4/29/21	7/29/21	10/28/21	2/3/22	4/28/22	7/28/22	10/27/22	2/2/23	4/27/23	8/3/23	10/26/23	2/1/24	4/30/24	8/1/24	10/31/24	2/6/25	5/1/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Amazon.com, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-52,580	-47,305	-2,876	-28,466	-48,579	-92,547	-149,491	-203,599
Change	-	10.03%	93.92%	-889.78%	-70.66%	-90.51%	-61.53%	-36.19%
Announcement Date	2/2/21	2/3/22	2/2/23	2/1/24	2/6/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Amazon.com, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	35,044	55,396	58,321	48,133	77,658	101,884	107,735	107,804
Change	-	58.08%	5.28%	-17.47%	61.34%	31.2%	5.74%	0.06%
Free Cash Flow (FCF) ¹	31,020	-9,069	-11,569	36,813	38,219	36,644	67,317	94,191
Change	-	-129.24%	-27.57%	418.2%	3.82%	-4.12%	83.71%	39.92%
Announcement Date	2/2/21	2/3/22	2/2/23	2/1/24	2/6/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Amazon.com, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	14.84%	15.32%	14.6%	19.19%	22.6%	23.26%	25.06%	26.77%
EBIT Margin (%)	5.93%	5.3%	2.38%	6.41%	10.75%	11.13%	12.35%	13.68%
EBT Margin (%)	6.26%	8.12%	-1.15%	6.53%	10.76%	11.83%	12.76%	14.1%
Net margin (%)	5.53%	7.1%	-0.53%	5.29%	9.29%	9.63%	10.42%	11.79%
FCF margin (%)	8.03%	-1.93%	-2.25%	6.4%	5.99%	5.27%	8.83%	11.25%
FCF / Net Income (%)	145.42%	-27.18%	425.02%	121%	64.51%	54.73%	84.76%	95.37%
Profitability
ROA	7.81%	9%	-0.62%	6.14%	10.28%	10.43%	10.64%	10.82%
ROE	27.44%	28.81%	-1.92%	17.49%	24.29%	19.79%	18.64%	17.67%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	9.08%	11.79%	11.35%	8.37%	12.17%	14.66%	14.13%	12.87%
CAPEX / EBITDA (%)	61.18%	76.95%	77.71%	43.64%	53.87%	63.01%	56.39%	48.09%
CAPEX / FCF (%)	112.97%	-610.83%	-504.11%	130.75%	203.19%	278.04%	160.04%	114.45%
Items per share
Cash flow per share ¹	6.477	4.498	4.588	8.096	10.81	13.15	15.38	16.65
Change	-	-30.56%	2.02%	76.45%	33.5%	21.68%	16.91%	8.28%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	9.285	13.58	14.26	18.52	27.54	34.9	42.91	53.65
Change	-	46.26%	5%	29.91%	48.68%	26.72%	22.93%	25.04%
EPS ¹	2.092	3.24	-0.27	2.9	5.53	6.196	7.274	8.889
Change	-	54.94%	-108.33%	1,174.07%	90.69%	12.04%	17.41%	22.21%
Nbr of stocks (in thousands)	10,035,024	10,142,952	10,201,654	10,334,031	10,515,011	10,616,352	10,616,352	10,616,352
Announcement Date	2/2/21	2/3/22	2/2/23	2/1/24	2/6/25	-	-	-